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20120928
20120928
Search Results 0 to 6 of about 7 (some duplicates have been removed)
as ben bernanke's easy money policies make investors feel good. we take that up with lou, neant money line, stocks finishing lower on the day, but posting the third best quarter since 2010. the dow jones industrial's dropping 49 points. s&p is down six and a half, and nasdaq down 20, but still well off the lows of the day. dragging the market today, consumer spending, up just half a percent, increase because of higher gasoline prices. oversea, bank of spain releasing an audit showing seven of the countries failed stress tests despite anxiety about the eurozone. the big three indexes up 44% for the quarter. a federal judge today delivering a blow to the future trading commission and its effort to implement portions of the dodd-frank financial reform law. the judge rejected regulations that would have capped the amount of positions a trader can hold and the size of that position in various commodities. the chairman of the cftc says he's disappointed by the ruling and the agency is looking for new ways to get their way. well, my next guest says the dismal economic news of the week remits
the 13th of september when fed chair ben bernanke announced qb three. overseas, spain announcing its budget for next year. you have to love that. a draft budget. the spaniards are not happy about it all. it took to the streets again today, third day in a row if you are counting the austerity watch. the country must convince europe and the world that it can effectively deal with its debt crisis. the market moving higher today on speculation as well that the central bank of china may move to stimulate the world's second-largest economy, which is dragging along at an estimated, at best, 4-5% growth rate. in economic news we told you earlier that gdp in durable goods fell, but weekly jobless claims surprised some by falling 26,000 last week to 359,000, the lowest level in just about two months. contracts to buy previously owned homes fell over two and a half percent in august, but still above last year. joining me now, the chairman and ceo of bedford oak advisers. great to have you here. 13% plunge in durable goods orders. two percentage. existing home sales. and the market is in love. w
component of cpi? so, i could be ben bernanke's speech writer because he says the same thing every time he goes in front of the senate is we don't see any particular problem with inflation. really, we don't corn prices just nearly double in three months. so, how is it there is no inflation? >> reporter: do you get any sense that the ethanol mandate is going to change under either administration under obama or if romney would get elected? >> well is sure seems like the word ethanol has turned into a pejorative and it's not exactly the most positive topic. i just don't know that turning food into gasoline is necessarily what we want to be doing in the long term. >> reporter: and it affects this market? >> you bet it does. as corn prices go up cattle prices go up. simple as that. that's an input cost to feeding cattle is corn, so you've got to take cattle prices higher to offset that. >> reporter: thanks very much. >> you bet. >> tom: a quiet ending to the third quarter for stocks the major indices falling. the s&p 500 spent the entire session in negative territory. it made three failed attem
. my point here, carl, is don't fight ben bernanke. if he came out and said, ladies and gentlemen, me and mr. drogy and i want people to buy stewed prunes, everybody should listen carefully. you may think it's wrong, but i sure would not go out and short stewed prunes on that idea. that's the problem that a lot of people are having. a lot of people are underperforming the market because their ideologies are getting in the way. >> thank you. let's get another capital markets op-ed. gary, talk a little politics. >> we'll get to that in a second. i steered clear of politics for quite some time. but let me talk about a cool breeze about what's happened. think back to mid-august. we did that informal survey. we asked people what would be the most important factor for the equity markets in 2012. 65% said it was going to be the election, if you remember. it has not been the case since mid-august. and as e we said all along, it's been about central banks. i do think that's going to change. i think politics will once again become something that has an impact on the equity markets. that it will
it comes up federal reserve of washington, d.c. my theory is ben bernanke knows where jimmy hoffa is. come clean, mr. bernanke. let's setting this once and for all. >> the feds on line 2 for bob. >> it impressed me people didn't know who jimmy hoffa was. there's going to be a time i'm going to have to explain to people who o.j. simpson was. >> time goes by. >> unbelievable. very depressing. >> we can find o.j. we haven't been able to find the real killers yet though apparently. >> i'll leave it at that. >>> in one of the best tweet smackdowns ever, oreo recently asked followers if they had ever brought cookies into a movie theater. yes, i have. which prompted this response from amc theaters. "not cool, cookie. a reference to its no food policy. oreo quickly fired back. fair enough but don't hate the player, hate the game. and back and forth it went with amc's answer game on, oreo. game on. jane and bob, what do you think? this kind of social engagement help or hurt the brands themselves. jane? >> i think it helps very much. particularly amc theaters which has twice as many followers on twi
Search Results 0 to 6 of about 7 (some duplicates have been removed)